Bob Broeksmit: Playing to your strengths in business and on Capitol Hill

Today, HousingWire CEO Clayton Collins talks with an industry leader who is well known to many of you: Bob Broeksmit, the President and CEO of the Mortgage Bankers Association (MBA). With over 35 years of senior finance and mortgage executive experience, Broeksmit brings a depth of knowledge across many facets of the industry, including marketing, sales, operations, secondary marketing, and loan servicing, to his role at MBA.  Prior to joining the MBA in 2018, he held executive roles at Treliant, Chevy Chase Bank, Prudential Home Mortgage and The Money Store. This compelling conversation charts Broeksmit’s journey through mortgage to his transition leading a trade association and how he measures success at a nonprofit. Collins and Broeksmit also discuss the challenges and opportunities facing leaders amid difficult housing market conditions and the top priorities he sees for mortgage in 2024. Here’s a glimpse of what you’ll learn: Leaders in the mortgage industry should focus on understanding the objectives of their board and members and effectively communicate and align their organization's efforts with those objectives. Building relationships and credibility is crucial for trade associations to have a seat at the table and influence policy decisions that impact the industry. Success in a nonprofit trade association is measured by delivering value to members, advocating for their interests, and effectively addressing industry challenges. Leadership styles and approaches should adapt to different housing market conditions, and leaders should focus on areas they can control or influence to support their members. Collaboration with other trade associations and stakeholders in the housing industry is important to present a united front and advocate for policies that benefit the industry as a whole. Top priorities for the mortgage industry in 2024 include increasing mortgage demand, addressing supply constraints, and optimizing servicing operations. Mergers and consolidation in the mortgage industry are driven by various factors, including strategic focus, scale, and personal considerations of the leaders involved. Related to this episode: Connect with Bob on LinkedIn The Mortgage Bankers Association The Gathering HousingWire on YouTube Enjoy the episode! The Power House podcast is a show about leadership, markets and entrepreneurship in the housing industry. Each Thursday, Clayton Collins speaks with CEOs and founders from the mortgage and real estate sector to reveal how housing executives think about business growth, operational strategy, and leadership. The Power House podcast reveals the full picture through the stories of the industry’s most impactful leaders. Clayton Collins is the CEO of HousingWire, and the Power House podcast is produced by HousingWire’s Content Studio. Initially launched in 2019 as the Housing News podcast, the show was relaunched as Power House in 2024.